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2024-08-25 22:58:05 UTC

Andrew Lokenauth on Nostr: If you pay your investment advisor 1% on a $1,000,000 portfolio that grows 10% each ...

If you pay your investment advisor 1% on a $1,000,000 portfolio that grows 10% each year, that’s:

$152,000 in fees over 10 years.

$512,000 over 20 years.

$1.4 million over 30 years.

Fees matter.